Matching
Match each transaction to types of accounts
Premises:
Used to record revenue earned but not received
Used to record wages owed, but not paid
Used to record expiration of prepaid insurance
Used to record revenue received in advance
Responses:
Accrued expense
Accrued revenue
Prepaid expense
Unearned revenue
Correct Answer:
Premises:
Responses:
Used to record revenue earned but not received
Used to record wages owed, but not paid
Used to record expiration of prepaid insurance
Used to record revenue received in advance
Premises:
Used to record revenue earned but not received
Used to record wages owed, but not paid
Used to record expiration of prepaid insurance
Used to record revenue received in advance
Responses:
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